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JPMorgan Expanding UAE Services to Wholesale Banking Clients
JPMorgan Expanding UAE Services to Wholesale Banking Clients
November 27, 2023  |  Banking

J.P. Morgan says it is expanding its presence in the United Arab Emirates (UAE). The banking giant announced Monday (Nov. 27) that it will begin...

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‘Zombie Malls’ Plague Towns as Tax Bases Dry Up
‘Zombie Malls’ Plague Towns as Tax Bases Dry Up
November 26, 2023  |  Retail

All around America, the “zombie mall” phenomenon is taking hold. As The Wall Street Journal described in a report Sunday (Nov. 26),  hundreds of these...

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Marqeta Managing Director Departs After 15 Months
Marqeta Managing Director Departs After 15 Months
November 26, 2023  |  Personnel

Marqeta’s managing director is stepping down after 15 months with the card-issuing company. Jeff Parker, who is also a senior vice president at the firm, announced his...

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X’s Advertiser Exodus Could Cost Platform $75 Million
X’s Advertiser Exodus Could Cost Platform $75 Million
November 26, 2023  |  Social Commerce

Advertisers continue to leave X, and could reportedly take $75 million with them. Dozens of companies have suspended ads on the platform — formerly called Twitter —...

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Black Friday Online Sales Approach $10 Billion 
Black Friday Online Sales Approach $10 Billion 
November 26, 2023  |  Retail

Americans reportedly spent a record $9.8 billion online during this year’s Black Friday. That jump in sales — 7.5% over last year — marks a...

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Lloyds Considers Job Cuts as Banks Shift to Digital
Lloyds Considers Job Cuts as Banks Shift to Digital
November 26, 2023  |  Banking

Lloyds’ digital refocusing has reportedly placed more than 2,500 jobs at risk. The British banking giant is planning to review thousands of middle management roles, the...

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OpenAI Plans Share Sale Following Leadership Turmoil
OpenAI Plans Share Sale Following Leadership Turmoil
November 26, 2023  |  artificial intelligence

OpenAI is reportedly proceeding with its share sale following a high-profile leadership shake-up last week. That sale is expected to value the artificial intelligence (AI) company...

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Binance Founder Seeks to Prove He’s Not a Flight Risk
Binance Founder Seeks to Prove He’s Not a Flight Risk
November 26, 2023  |  Legal

Binance’s founder is fighting the Justice Department’s efforts to keep him in the U.S. Changpeng Zhao pleaded guilty last week to failing to maintain proper anti-money laundering standards...

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Report: Worldline Could Be Private Equity Takeover Target
Report: Worldline Could Be Private Equity Takeover Target
November 26, 2023  |  Acquisitions

Worldline’s stock climbed last week amid reports that it could be a takeover target. As Seeking Alpha noted Friday (Nov. 24), the French payments firm rose 5% on...

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